ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Friday, ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.15.
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading near its upper price channel band. This suggests that the stock price is high relative to the action over the last 14 day period.
ABCW's MACD is currently indicating a weak bullish signal.
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and is now overbought. The overbought condition means that the upwards momentum experienced in this stock is not sustainable.
According to the Williams %R which is currently at -4.00% and above the critical level of -20, ABCW may be overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and the %R dips below -20..
All my posts, are only My Opinion
